CONMED Corp. SVP Sells $248,522 in Stock (CNMD)
CONMED Corp. (NASDAQ:CNMD) SVP William Abraham unloaded 7,423 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $33.48, for a total value of $248,522.04. Following the completion of the transaction, the senior vice president now directly owns 21,659 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CNMD shares. Analysts at Needham & Company initiated coverage on shares of CONMED Corp. (NASDAQ:CNMD) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of CONMED Corp. (NASDAQ:CNMD) from $34.00 to $36.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at Ladenburg Thalmann raised their price target on shares of CONMED Corp. (NASDAQ:CNMD) from $36.25 to $42.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. They noted that the move was a valuation call.
CONMED Corp. (NASDAQ:CNMD) traded up 0.18% during mid-day trading on Friday, hitting $33.00. 121,273 shares of the company’s stock traded hands. CONMED Corp. has a one year low of $25.39 and a one year high of $34.86. The stock has a 50-day moving average of $32.38 and a 200-day moving average of $32.37. The company has a market cap of $907.2 million and a P/E ratio of 23.36.
CONMED Corp. (NASDAQ:CNMD) last released its earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.01. The company had revenue of $193.00 million for the quarter, compared to the consensus estimate of $193.55 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that CONMED Corp. will post $1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, September 12th.
CONMED Corporation (NASDAQ:CNMD) is a medical technology company/ The Company emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring.
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